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    Diversified Industrials Q3 2021

    Q3-2021-Diversified-Industrials (1)

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Navistar International Corporation
    • Dusk Inc.
    • $9,414.66
    • RV Group of Airxcel, Inc.
    • Thor Industries, Inc.
    • $750.00
    • 301,000 Acres of East Texas Timberlands of TexMark Timber Treasury, L.P
    • Third Swedish National Pension Fund
    • $498.46
    • Gateway Plastics, Inc.
    • Silgan Holdings Inc.
    • $485.00
    • Sawmill Operations located in United States
    • Interfor Corporation
    • $375.00
    • Hannibal Industries, Inc.
    • Nucor Corporation
    • $370.00
    • Advanced Drainage Systems, Inc.
    • Canada Pension Plan Investment Board
    • $350.00
    • Barletta Boat Company, LLC
    • Winnebago Industries, Inc.
    • $320.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Jackson Paper Manufacturing Company
    • H.I.G. Capital, LLC
    • n/a
    • GreenTech Environmental, LLC
    • City Capital Ventures, LLC
    • n/a
    • Arrowhead Engineered Products, Inc.
    • Genstar Capital, LLC
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Fetch Robotics, Inc.
    • Zebra Technologies Corporation
    • $290.00
    • 145,000 Acres of Timberlands in the North Cascades Region of Washington
    • Hampton Resources, Inc.
    • $266.00
    • Unicep Packaging, LLC
    • Silgan Holdings Inc.
    • $237.00
    • ATI Industrial Automation, Inc.
    • Novanta Corporation
    • $172.00
    • KushCo Holdings, Inc.
    • Greenlane Holdings, Inc.
    • $136.12
    • Substantially all the assets of Westside Building Material
    • GMS Inc.
    • $135.00
    • Pacific Pipe Company, Inc.
    • Core & Main LP
    • $102.50
    • East Chicago Machine Tool Corporation
    • Kadant Inc.
    • $54.00
    • Enhanced Energy Group LLC
    • Caterpillar Inc.
    • n/a

     

    Source S&P Capital IQ as of 10/11/2021 and PCE Proprietary Data

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    PCE Transactions

    Contacts

    Michael Poole

    Orlando Office

    407-621-2112

    Michael Rosendahl

    New York Office

    201-444-6280 Ext 1

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

    Glossary

    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value

    Sources:

    1. Marko, Kurt. “The global supply chain is still struggling - with profound implications for enterprise production plans.” Diginormica, DIGINOMICA LIMITED AND ITS LICENSORS, 21 Sept. 2021.
    2. Alexander, Brentan. “The Shortest Path To Circular Plastics Is Through The Chemical Companies.” Forbes, Forbes, 30 Sept. 2021.
    3. Eisenstein, Paul A. “Ready to turn in your lease? Record used car prices could mean a financial bonanza.” NBC News, NBC UNIVERSAL, 20 Sept. 2021.
    4. Wayland, Michael. “Coronavirus crippled U.S. auto sales in 2020 but it could have been far worse.” CNBC, CNBC LLC., 23 Dec. 2020.
    5. Whalen, Jeanne. “Semiconductor shortage that has hobbled manufacturing worldwide is getting worse.” The Washington Post, The Washington Post, 23 Sept. 2021
    6. Kuykendall, Taylor and Dholakia, Gaurang. “US coal stocks boom as free cash expected to flow on higher prices.” S&P Capital IQ, S&P Global Market Intelligence, 13 Sept. 2021.
    7. Research Articles\Ride the Global Construction Boom With Caterpillar - WSJ.pdf
    8. Nicholson, Mary and Pollard, Amelia. “Paper Shortage Hits American Retailers When They Need It Most.” Bloomberg Quint, Bloomberg Quint, 24 Sept. 2021.
    9. Hodari, David. “Oil Hits Three-Year High as Natural-Gas Crunch Spills Into Crude Market.” The Wall Street Journal, Dow Jones & Company, Inc, 28 Sept. 2021.

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